Prime Downtown Rockford Office: 3,200 sq ft available
Lot size:
7,768 SF
Description
Added:
Dec 11, 2024
Days on Market:
391
This exceptional Class A office building, located at 728 N Main St in Rockford, IL, offers 3,200 square feet of immediately available space within a larger 7,768 square foot building. Built in 1956, this two-story structure features twelve suites, with a minimum divisible space of 165 square feet, making it ideal for businesses of various sizes. The property sits on 2.3 acres of land and provides ample on-site parking. Utilities, including water, electricity, and heating/cooling, are included in the lease, significantly reducing operational costs. The building offers 24/7 security, ensuring a safe and secure environment. Its convenient location just north of downtown Rockford provides easy access to key business areas, county buildings, the courthouse, and public transportation, including metro stations and bus lines. The flexible layout allows for customization to suit diverse business needs, whether open plan, private offices, or meeting rooms are required. Flexible lease terms are available to accommodate various business requirements. This all-inclusive, affordable option provides a professional environment in a vibrant business district, fostering networking and collaboration opportunities. The property is zoned for Traditional Office, Coworking, Creative Office, Medical Office, and Executive Office uses.
Medical office - Prime Downtown Rockford Office: 3,200 sq ft available
Where is this medical office located?
The property is located at 728 Main St Rockford, IL.
What is the lease rate?
The lease rate is $0.00-$5 SF/Yr.
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728 Main St Rockford, IL 61103
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728 Main St Rockford, IL 61103
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Realmo Value Estimation
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.
AI approach
Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
728 Main St Rockford, IL 61103
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728 Main St, Rockford, IL
Andrew McCulloch
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728 Main St, Rockford, IL
Andrew McCulloch
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728 Main St, Rockford, IL
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728 Main St, Rockford, IL
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728 Main St, Rockford, IL
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to 728 Main St Rockford, IL 61103
728 Main St, Rockford, IL
Andrew McCulloch
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